Oaktree Capital urges UK's Indivior to refresh board
07/11/2024 13:43
Nov 7 (Reuters) - Investment fund Oaktree Capital
Management has urged British drugmaker Indivior INDV.L to
cooperate with the fund in refreshing its board of directors, it
said in a letter dated Nov. 6 and published in a filing on
Thursday.
The fund, which raised its stake in the company to 6.3% to
become its second largest shareholder in July, has been
expressing concerns with Indivior's faltering performance.
(Reporting by Yamini Kalia in Bengaluru; Editing by Mrigank
Dhaniwala)
((Yamini.Kalia@thomsonreuters.com;))